NexPoint Outlook DST reported 36.5% of its offering ceiling sold in the amendment filed September 23, 2026, with 27 investors and a first sale dated January 26, 2026. The Delaware Statutory Trust (DST) names no property, no location, no fee schedule and no distribution terms in its Form D; the PPM is where those are stated. What the filing record does carry is a sold amount that rose at every amendment and has never reached half the ceiling.
That last point governs the one number Top1031 computes here. Raise velocity is a pace metric derived from an offering's own Form D amendments: the days from first sale to the point where 50%, and then 90%, of the ceiling has been sold. For this Trust, neither day count exists. The clock has nothing to stop on. The metric is censored, and the censoring is the reading rather than a hole in the record.
Comparison helps, with two qualifications about the numbers doing the comparing. NexPoint carries 24 programs in Top1031's pace record, at a median of 126 days to half the ceiling and 189 days to most of it. The market benchmark rests on 4,591 programs and returns 15 days at both milestones. The record supplied does not state whether either count is a count of distinct Trusts, and filing-level tallies include amendments, so neither should be read as a roster of unique offerings. Top1031 also treats the market pair as a coarse benchmark: 15 days at both the half and the most marks is what the pipeline returns, and this report reads no finer resolution into it. Against either median, this raise has no counterpart figure at all, because the crossing that would generate one has not happened.
These are the filings supplied for this report. The accession sequence in that record is not continuous.
Form D filed | Accession | Amount sold | Share of ceiling | Investors |
|---|---|---|---|---|
January 28, 2026 | 0002100839-26-000001 | $312,500 | 0.9% | 1 |
February 18, 2026 | 0002100839-26-000002 | $1,295,000 | 3.9% | 4 |
April 28, 2026 | 0002100839-26-000004 | $2,236,000 | 6.8% | 8 |
June 30, 2026 | 0002100839-26-000005 | $5,783,245 | 17.6% | 19 |
August 5, 2026 | 0002100839-26-000006 | $8,278,256 | 25.2% | 24 |
August 31, 2026 | 0002100839-26-000007 | $10,738,336 | 32.6% | 26 |
September 23, 2026 | 0002100839-26-000008 | $12,020,387 | 36.5% | 27 |
Term | As filed |
|---|---|
Total offering amount | $32,903,006 |
Minimum investment | $100,000 |
No filing in the record revises that ceiling downward; the total offering amount is identical in every one. One timing wrinkle is worth naming: Top1031's velocity snapshot for this offering was cut from the August 31, 2026 amendment and carries its 32.6% completion, while the September 23, 2026 amendment arrived the same day the data behind this report was assembled and supersedes it. As a standing methodological practice, Top1031 reports amount sold as the filing states it on the date filed and does not treat it as a real-time count of subscriptions.
The Form D claims the 506(c) exemption and the Investment Company Act exclusions it codes as 3C and 3C.5. The asset class is given as Other Real Estate, which tells a reader almost nothing about what is being bought. No sponsor commentary on the raise appears in the Form D record, and a search bounded to this offering located no third-party account of it.
The next amendment is the one that carries information. Either it records the crossing of half the ceiling, which would finally attach a day count to this raise, or it logs another increment short of that line. Pace measures how fast money came in the door. It does not measure what was bought, the terms, or the eventual result for the investors already in.